Credit Suisse Group AG, together with its subsidiaries, provides various financial services in Switzerland, Europe, the Middle East, Africa, the Americas, and Asia Pacific. The company offers private banking and wealth management solutions, including advisory, investment, financial planning, succession planning, and trust services; and financing and lending, and multi-shore platform solutions. It also provides traditional and structured lending, payment, foreign exchange, capital goods leasing, merger and acquisition, syndication, structured finance, commodity trade finance, trade finance, structured trade finance, export finance, factoring, fund management and administration, fund design, custody, ship and aviation finance, securities, cash, and treasury services. In addition, the company offers asset management products; equity and debt underwriting, and advisory services; cash equities, equity derivatives, and convertibles, as well as prime services; and fixed income products, such as credit, securitized, macro, emerging markets, financing, structured credit, and other products. Further, it provides HOLT, a framework for assessing the performance of approximately 20,000 companies; and equity and fixed income research services. The company serves private and institutional clients; ultra-high-net-worth individuals, high-net-worth individuals, and affluent and retail clients; corporate clients, small and medium-sized enterprises, external asset managers, financial institutions, and commodity traders; and pension funds, hedge funds, governments, foundations and endowments, corporations, entrepreneurs, private individuals, financial sponsors, and sovereign clients. As of December 31, 2020, it operated through a network of 338 offices and branches. The company was founded in 1856 and is based in Zurich, Switzerland.
IPO Year:
Exchange: NYSE
Website: credit-suisse.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/16/2023 | Buy → Neutral | Citigroup | |
| 2/13/2023 | Hold → Reduce | Kepler | |
| 12/20/2022 | Underperform | Exane BNP Paribas | |
| 12/19/2022 | Sector Perform | RBC Capital Mkts | |
| 12/9/2022 | Neutral → Buy | BofA Securities | |
| 10/6/2022 | Underweight → Neutral | JP Morgan | |
| 7/28/2022 | Underperform → Neutral | BofA Securities | |
| 3/31/2022 | Neutral | Goldman | |
| 1/7/2022 | Outperform → Neutral | Exane BNP Paribas | |
| 1/6/2022 | Mkt Perform → Underperform | Keefe Bruyette |
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NEW YORK, April 13, 2022 (GLOBE NEWSWIRE) -- Apollo (NYSE:APO) today announced that funds managed by Apollo affiliates (the "Apollo Funds") have completed the acquisition of a majority stake in Novolex Holdings LLC ("Novolex" or the "Company"), a leading global manufacturer of diverse and sustainable packaging products for the foodservice, delivery and carryout, food processor and industrial markets, from funds managed by Carlyle (NASDAQ:CG). Carlyle will retain a minority stake in the Company. The financing for the acquisition includes the largest-ever sustainability-linked loan issued to date. Additional financial terms of the transaction were not disclosed. Stan Bikulege, Novolex Chai
SAINT HELIER, Jersey, Nov. 4, 2021 /PRNewswire/ -- CoinShares International Limited (Nasdaq First North Growth Market: CS) ("CoinShares", the "Group" or the "Company") today released its financial results and operational updates for the third quarter and nine-months ended 30 September 2021. The full report, which is linked in this press release, can also be found on the CoinShares Investor Relations site. Financial Results Summary Following the Group's record Q2 results as announced on 5 August 2021, CoinShares achieved a record Q3, resulting in the strongest nine-month perfo
Swiss taxpayers will not fund UBS Group's (NYSE:UBS) rescue of Credit Suisse (NYSE:CS). The bank, which has faced a political backlash against the deal, inked a loss protection agreement with the Swiss government, effective post-completion of the acquisition of Credit Suisse. UBS will handle potential losses of the first CHF 5 billion, and if the amount exceeds, the Swiss government will cover losses of the next CHF 9 billion related to the emergency takeover. Also Read: UBS Cites $17B Hit From Rushed Credit Suisse Takeover, Blames Hasty Due Diligence The scale of potential state support for the shotgun marriage of the country's two biggest banks has proved politically explosive and conti
UBS Group AG (NYSE:UBS) is reportedly planning to significantly reduce the workforce of the recently acquired Credit Suisse Group AG (NYSE:CS), with more than half of the employees facing potential layoffs. The planned layoffs are part of UBS’s strategy to cut back on the numbers at Credit Suisse’s loss-making investment bank, which was the source of a significant loss in the Archegos Capital Management scandal in 2021. The strategy also includes retaining the top 20% of dealmakers, particularly those focusing on technology, media, and telecoms. Also Read: Financial Advisors Mark Alibrandi And Stephen Alibrandi Join UBS Private Wealth In Boston UBS’s CEO, Sergio Ermotti, has express
The Swiss National Bank (SNB) learned a lesson from the downfall of Credit Suisse Group AG ADR (Sponsored) (NYSE:CS) and is planning to undertake measures to prevent such events in the future. In its 2023 financial stability report, the bank stated the need for appropriate measures to prevent a loss of confidence and provide several effective options to stabilize, recover or unwind a systemically important bank during troubled times. The bank disclosed three observations from the CS crisis. SNB believes compliance with capital requirements is essential 'but not sufficient to ensure confidence in a bank,' and deposit outflows' scale and rate that resulted from the loss of confidence were u
-Reuters Citing Sources
UBS Group AG (NYSE:UBS) might face significant penalties for Credit Suisse's mishandling of Archegos Capital following the completion of the acquisition last week. UBS faces hundreds of millions of dollars in penalties over Credit Suisse's mishandling of Archegos Capital after Swiss, U.S., and U.K. regulators completed their investigations into the affair, reported Financial Times, citing people familiar with the matter. The bank urged Switzerland's Finma, the U.S. Federal Reserve, and the U.K.'s Prudential Regulation Authority to publish their conclusions and announce any fines together at the end of July, mentioned the sources. Related: UBS Gets Help From Swiss Government To Cover CS Ta
Reuters Broadcom Most Likely To Receive EU Approval For $61B VMware Merger In early May, U.S. chipmaker Broadcom Inc's (NASDAQ:AVGO) CEO Hock Tan proposed a pitch to EU antitrust enforcers regarding the pro-competitiveness of the proposed $61 billion bid for cloud computing firm VMware Inc (NASDAQ:VMW). Broadcom is set to gain conditional EU antitrust approval for its proposed acquisition of VMware. The European Commission's approval is linked to Broadcom's interoperability remedies to rivals to address competition concerns. Volkswagen Supervisory Board To Meet On Tuesday To Discuss Cost-Saving Plan Volkswagen AG (OTC:VWAGY) supervisory board is expected to meet on Tuesday to disc
The Monetary Authority of Singapore (MAS) said today that the day-to-day operations of the Singapore entities of UBS Group AG (UBS) and Credit Suisse Group AG (CS) will not be interrupted by the legal completion of the takeover. 2. UBS and CS will continue to operate in Singapore under separate licences. UBS and CS have put in place governance structures to monitor and facilitate the orderly integration of the Singapore operations. Their primary activities in Singapore remain private banking and investment banking. 3. MAS remains in close contact with the Swiss Financial Market Supervisory Authority (FINMA)Parent supervisory authority of Credit Suisse Group AG and UBS Group AG., CS and UBS
UBS Group AG (NYSE:UBS) disclosed completing the acquisition of Credit Suisse Group AG (NYSE:CS) today. As previously announced on March 19, 2023, CS shareholders will receive 1 UBS share for holding every 22.48 CS shares. Also, UBS will manage two separate parent banks – UBS AG and Credit Suisse AG, with each organization continuing to operate its subsidiaries and managing its client base. Today will be the last trading day of CS on the SIX Swiss Exchange, and the combined entity will operate as a consolidated banking group. UBS stated its Board of Directors and Executive Board would oversee the combined company and disclosed Board of Director nominations for certain Credit Suisse entit
Financial Times Privacy Breach Risk in Nvidia's AI Technology Stirs Concern Among Researchers Researchers found that an Nvidia Corp (NASDAQ:NVDA) artificial intelligence software feature is susceptible to manipulation leading to the compromise of private information. Robust Intelligence analysts found that the "NeMo Framework," which allows developers to work with a range of large language models, could easily break through so-called safety guardrails. After using the Nvidia system on their own data sets, it hardly took time for the analysts to get language models to bypass restrictions. Benzinga UBS Gets Help From Swiss Government To Cover CS Takeover-Related Losses UBS Group
- Reuters
Citigroup downgraded Credit Suisse from Buy to Neutral
Kepler downgraded Credit Suisse from Hold to Reduce
Exane BNP Paribas resumed coverage of Credit Suisse with a rating of Underperform
RBC Capital Mkts resumed coverage of Credit Suisse with a rating of Sector Perform
BofA Securities upgraded Credit Suisse from Neutral to Buy
JP Morgan upgraded Credit Suisse from Underweight to Neutral
BofA Securities upgraded Credit Suisse from Underperform to Neutral
Goldman initiated coverage of Credit Suisse with a rating of Neutral
Exane BNP Paribas downgraded Credit Suisse from Outperform to Neutral
Keefe Bruyette downgraded Credit Suisse from Mkt Perform to Underperform
NEW YORK, June 9, 2023 /PRNewswire/ -- Credit Suisse AG announced today that, following June 30, 2023, CME Term SOFR will be the replacement reference rate for its outstanding New York law-governed debt securities that use U.S. dollar LIBOR as the reference rate. The outstanding notes of Credit Suisse AG listed below (the "LIBOR Notes") currently use three-month U.S. dollar LIBOR as the reference rate and require the calculation agent to select a successor reference rate following the cessation of three-month U.S. dollar LIBOR. Title of Notes CUSIP Fixed to Floating Rate Securities due April 14, 2026 Linked to the Performance of the 3-Month USD LIBOR 22548Q3E3 Senior Fl
NEW YORK, June 5, 2023 /PRNewswire/ -- On June 1, 2023, Credit Suisse announced expected coupon payments for the following ETNs: ETN Ticker ETN Name ClosingIndicativeValue on 5/31/23 Ex-Date Record Date Payment Date ExpectedCouponAmountper ETN1 Coupon Frequency Expected Current Yield2 USOI Credit SuisseX-Links® CrudeOil SharesCovered CallETN $70.7773 6/20/23 6/21/23 6/26/23 $0.8590 Monthly 28.97%3 GLDI Credit SuisseX-Links® Gold SharesCovered CallETN $143.9311 6/20/23 6/21/23 6/26/23 $1.5898 Monthly 18.52%3 SLVO Credit Suisse X-Links® SilverSharesCovered CallETN $75.3884 6/20/
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, May 04, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Credit Suisse Group AG (NYSE:CS) investors that a lawsuit filed on behalf of investors that purchased Credit Suisse securities (NYSE:CS) between March 10, 2022 and March 15, 2023, both dates inclusive (the "Class Period"). Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pur
NEW YORK, May 3, 2023 /PRNewswire/ -- On May 1, 2023, Credit Suisse announced expected coupon payments for the following ETNs: ETN Ticker ETN Name Closing IndicativeValue on 4/28/23 Ex-Date Record Date Payment Date Expected CouponAmountper ETN1 Coupon Frequency ExpectedCurrentYield2 USOI Credit SuisseX-Links® CrudeOil SharesCovered CallETN $79.7890 5/19/23 5/22/23 5/25/23 $1.9479 Monthly 27.04%3 GLDI Credit SuisseX-Links® GoldSharesCovered CallETN $146.4529 5/19/23 5/22/23 5/25/23 $1.9876 Monthly 12.23%3 SLVO Credit SuisseX-Links® SilverSharesCovered CallETN $80.8783 5/19/23 5
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, April 25, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Credit Suisse Group AG (NYSE:CS) investors that a lawsuit filed on behalf of investors that purchased Credit Suisse securities (NYSE:CS) between March 10, 2022 and March 15, 2023, both dates inclusive (the "Class Period"). Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for p
NEW YORK, April 6, 2023 /PRNewswire/ -- On April 3, 2023, Credit Suisse announced expected coupon payments for the following ETNs: ETN Ticker ETN Name Closing Indicative Value on 3/31/23 Ex-Date Record Date Payment Date Expected Coupon Amount per ETN1 Coupon Frequency Expected Current Yield2 USOI Credit Suisse X-Links® Crude Oil Shares Covered Call ETN $77.7305 4/19/23 4/20/23 4/25/23 $0.6024 Monthly 34.89%3 GLDI Credit Suisse X-Links® Gold Shares Covered Call ETN $148.1813 4/19/23 4/20/23 4/25/23 $1.6011 Monthly 11.44%3 SLVO Credit Suisse X-Links® Silver Shares Covered Call E
NEW YORK, April 6, 2023 /PRNewswire/ -- On April 6, 2023, Credit Suisse declared a Coupon Amount for the Credit Suisse S&P MLP Index ETN (the "ETN"). ETN Ticker ETN Name Ex-Date Record Date Coupon Payment Date Coupon Amountper ETN CouponFrequency Current Yield*† MLPO Credit Suisse S&PMLP Index ETN 4/12/23 4/13/23 4/21/23 $0.2335 Quarterly 7.29 % * The "Current Yield" equals the current quarterly Coupon Amount, annualized and divided by the Closing Indicative Value of the ETN on March 31, 2023. † The Current Yield, which is based on the ETN's Coupon Amount, is not indicative of
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, March 17, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Credit Suisse Group AG (NYSE:CS) investors that a lawsuit filed on behalf of investors that purchased Credit Suisse securities (NYSE:CS) between March 10, 2022 and March 15, 2023, both dates inclusive (the "Class Period"). Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for p
NEW YORK, March 6, 2023 /PRNewswire/ -- On March 1, 2023, Credit Suisse announced expected coupon payments for the following ETNs: ETN Ticker ETN Name Closing Indicative Value on 2/28/23 Ex-Date Record Date Payment Date Expected Coupon Amount per ETN1 Coupon Frequency Expected Current Yield2 USOI Credit Suisse X-Links® Crude Oil Shares Covered Call ETN $80.5903 3/21/23 3/22/23 3/27/23 $2.8441 Monthly 37.52%3 GLDI Credit Suisse X-Links® Gold Shares Covered Call ETN $142.4408 3/21/23 3/22/23 3/27/23 $0.8906 Monthly 12.30%3 SLVO Credit Suisse X-Links® Silver Shares Covered Call E
NEW YORK, Feb. 7, 2023 /PRNewswire/ -- On February 1, 2023, Credit Suisse announced expected coupon payments for the following ETNs: ETN Ticker ETN Name Closing Indicative Value on 1/31/23 Ex-Date Record Date Payment Date Expected Coupon Amount per ETN1 Coupon Frequency Expected Current Yield2 USOI Credit Suisse X-Links® Crude Oil Shares Covered Call ETN $83.5946 2/21/23 2/22/23 2/27/23 $3.3335 Monthly 28.45%3 GLDI Credit Suisse X-Links® Gold Shares Covered Call ETN $149.8323 2/21/23 2/22/23 2/27/23 $1.7455 Monthly 19.84%3 SLVO Credit Suisse X-Links® Silver Shares Covered Call
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